Haverford Trust Co Raises Stock Holdings in TransDigm Group Incorporated (NYSE:TDG)

Haverford Trust Co raised its position in shares of TransDigm Group Incorporated (NYSE:TDG) by 4.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,129 shares of the aerospace company’s stock after acquiring an additional 51 shares during the period. Haverford Trust Co’s holdings in TransDigm Group were worth $1,611,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of TDG. QRG Capital Management Inc. raised its holdings in shares of TransDigm Group by 7.0% during the 1st quarter. QRG Capital Management Inc. now owns 549 shares of the aerospace company’s stock worth $677,000 after acquiring an additional 36 shares in the last quarter. TBH Global Asset Management LLC purchased a new stake in TransDigm Group during the 1st quarter valued at $280,000. Orion Portfolio Solutions LLC raised its holdings in TransDigm Group by 47.8% during the 1st quarter. Orion Portfolio Solutions LLC now owns 878 shares of the aerospace company’s stock valued at $1,081,000 after buying an additional 284 shares during the period. Dorsey & Whitney Trust CO LLC raised its holdings in TransDigm Group by 24.0% during the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 583 shares of the aerospace company’s stock valued at $718,000 after buying an additional 113 shares during the period. Finally, Sentry Investment Management LLC raised its holdings in TransDigm Group by 11.7% during the 1st quarter. Sentry Investment Management LLC now owns 324 shares of the aerospace company’s stock valued at $399,000 after buying an additional 34 shares during the period. 95.78% of the stock is owned by hedge funds and other institutional investors.

TransDigm Group Price Performance

Shares of TDG stock opened at $1,363.00 on Thursday. TransDigm Group Incorporated has a 1-year low of $949.99 and a 1-year high of $1,451.32. The stock’s 50-day moving average is $1,368.61 and its 200 day moving average is $1,318.69. The company has a market cap of $76.64 billion, a P/E ratio of 53.24, a PEG ratio of 2.41 and a beta of 1.43.

TransDigm Group Increases Dividend

The business also recently disclosed a special dividend, which was paid on Friday, October 18th. Investors of record on Friday, October 4th were given a dividend of $75.00 per share. The ex-dividend date was Friday, October 4th. This is an increase from TransDigm Group’s previous special dividend of $32.50.

Insider Activity at TransDigm Group

In related news, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $1,375.89, for a total transaction of $4,127,670.00. Following the sale, the chief operating officer now owns 3,600 shares of the company’s stock, valued at $4,953,204. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $1,375.89, for a total value of $4,127,670.00. Following the completion of the sale, the chief operating officer now directly owns 3,600 shares in the company, valued at approximately $4,953,204. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director W Nicholas Howley sold 5,472 shares of the stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $1,402.85, for a total value of $7,676,395.20. Following the completion of the sale, the director now owns 21,548 shares of the company’s stock, valued at approximately $30,228,611.80. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 16,944 shares of company stock valued at $23,541,085 over the last quarter. 4.96% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Citigroup decreased their price target on TransDigm Group from $1,648.00 to $1,563.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. Wells Fargo & Company decreased their price target on TransDigm Group from $1,390.00 to $1,350.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 7th. JPMorgan Chase & Co. increased their price target on TransDigm Group from $1,435.00 to $1,555.00 and gave the company a “neutral” rating in a report on Monday, October 14th. Truist Financial upped their price objective on TransDigm Group from $1,425.00 to $1,483.00 and gave the company a “buy” rating in a research report on Wednesday, July 17th. Finally, UBS Group cut their price objective on TransDigm Group from $1,466.00 to $1,423.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 7th. Seven investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $1,461.82.

TransDigm Group Company Profile

TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States and internationally. The Power & Control segment offers mechanical/electro-mechanical actuators and controls, ignition systems and engine technology, specialized pumps and valves, power conditioning devices, specialized AC/DC electric motors and generators, batteries and chargers, databus and power controls, sensor products, switches and relay panels, hoists, winches and lifting devices, and cargo loading and handling systems.